ADEA Q1 2023 Earnings — Adeia Inc. Revenue & Financial Results | Market Cap Arena

ADEAAdeia Inc.

$3B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$117M-15.3% YoY

Gross Profit

$93M79.5% margin

Operating Income

$59M50.1% margin

Net Income

$29M24.7% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+13.6%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$63M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$831M

Stockholders' Equity

$323M

Cash & Equivalents

$82M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$117M	$139M	-15.3%
Gross Profit	$93M	$93M	-0.1%
Operating Income	$59M	$71M	-16.7%
Net Income	$29M	$25M	+16.3%

Geographic Segments

U.S. And Canada

$86M73%

Asia

$29M24%

Europe And Middle East

$2M2%

Other Asia

$414,0000%